A federal judge awarded a bank nearly $7.8 million in damages as part of a failed development in Clay County, Mo.
U.S. District Judge Greg Kays granted summary judgment on counterclaims made by Citizens Bank & Trust Co., which had loaned money to a company trying to build a retail site in Smithville. The loan’s beneficiaries had sued the bank claiming their funds had been cut off.
The creditor of a limited liability company could not sue the firm’s members and managers for unlawful distributions that left the company insolvent, the Colorado Supreme Court has ruled in reversing judgment.
A contract between sophisticated parties could abrogate the delayed discovery rule regarding a lawsuit over latent construction defects, the California Court of Appeal has ruled in affirming judgment.
A company was liable for breaching an obligation to bargain in good faith stated in preliminary agreements concerning a proposed merger and licensing agreement, the Delaware Supreme Court has ruled in affirming judgment.
A tortious interference suit over contractual obligations arising under a pension plan was not completely preempted by ERISA, the 6th U.S. Circuit Court of Appeals has ruled in reversing a dismissal.
Homeowners could not pursue state-law claims for the alleged wrongful denial of a mortgage modification under the federal Home Affordable Modification Program (HAMP), the 4th U.S. Circuit Court of Appeals has ruled in affirming a dismissal.
A court-appointed expert was not immune from liability for allegedly failing to provide contracted-for services in a divorce case, the Oklahoma Supreme Court has ruled in reversing a dismissal.
A seller suing for a buyer’s breach of a contract to sell real property was entitled to recover the difference between the contract price and the fair market value of the property at the time of the breach, New York’s highest court has ruled.
A recently filed malpractice suit seeks to hold the D.C. law firm of McDermott, Will & Emery liable for the alleged theft of a California inventor’s confidential information.
Published: January 7, 2013
Tags: breach of contract, breach of fiduciary duty, deceptive trade practices, ethics, fraud, legal ethics, mass tort, negligence, referral fees, settlements, silicosis litigation